10 Biases that distort your Decision-Making:
1. Self-Serving Bias - Our failures are situational, but our successes are our responsibility.
2. Curse of knowledge - Once we know something, we assume everyone else knows it, too.
3. Dunning-Kruger Effect - The less you know, the more confident you are. The more you know, the less confident you are.
4. Belief Bias - We judge an argument's strength not by how strongly it supports the conclusion but by how plausible the conclusion is in our own minds.
5. Escalation of Commitment - We invest more in things that have cost us something rather than altering our investments, even if we face negative outcomes.
6. Gambler's Fallacy - We think future possibilities are affected by past events.
7. Zero-Risk Bias - We tend to reduce small risks to zero, even if we can reduce more risk with another option.
8. Outgroup Homogeneity Bias - We perceive out-group members as homogenous and our own in-groups as more diverse.
9. Clustering Illusion - We find patterns and clusters in random data.
10. Blind Spot Bias - We overlook biases in our own decision-making and see them more in others.
Which of these is troubling you the most?😅
The Curse of Knowledge is up there for me.
In "Joining the dots and the secret sauce”, @techtransferta2 explores perspectives on mature and emerging technology licensing challenges. #techtransfer#innovation
https://t.co/lXXP5FZwVT
@Spiegarehow sponsorship of Tech Transfer Talk podcast continues in discussion with @CameronHibbert on his journey to from petro to biobased licensing guru. #techtransfer#bioeconomy
https://t.co/rVF47105mU
@MLiebreich@adam_tooze Great article. I was lucky enough to chat to Paul Martin along similar themes earlier this year on @techtransferta2
https://t.co/yyGDOC7hlA
@SpiegareHow sponsorship of Tech Transfer Talk podcast continues in discussion with Alan Finkel on his journey from Axon Instruments to Chief Scientist. #techtransfer#innovation
https://t.co/VBxPQVkYiN
@SpiegareHow sponsorship of Tech Transfer Talk podcast continues with guests Lesley Lightfoot and Jeremy Wurm of Brooker Consulting. In "Hiring for Startups - HR Due Diligence and The Founders Dilemma", we explore the importance of hiring due diligence #techtransfer#innovation
it was great having @SpitfireRsrch on the podcast.
I invite you all to head through the back catalogue for some great discussions around the journey of @SoronaFiber and reflections from Paul Bryan on the importance of the desperate customer!
Great @techtransferta2 episode w/ @SpitfireRsrch. Spoiler: Current global hydrogen production ca. 120 MT/a - nearly all black H2
In a post-fossil world this will get down to 90 MT/a (just the existing H2 we already need/produce)
Turning these 90 MT/a... 1/
https://t.co/5Dpx1G8cDD
Great @techtransferta2 episode w/ @SpitfireRsrch. Spoiler: Current global hydrogen production ca. 120 MT/a - nearly all black H2
In a post-fossil world this will get down to 90 MT/a (just the existing H2 we already need/produce)
Turning these 90 MT/a... 1/
https://t.co/5Dpx1G8cDD
@cambeggars and @kwoodthorpe explore the strategy of shelving IP & the factors that influence shelving, such as people, timing, market analysis & resources also touching the “sunk cost” fallacy and the ability to strategically assess patenting options.
https://t.co/1xvxyc2Vvc
@SpiegareHow is pleased to present @techtransferta2 We reinforce our earlier discussions around due diligence, the importance of people & timing in new ventures. The dynamic external environment, the changing needs of investors & building business with customers are all explored
Here's Episode #16, where we again chat with Dr Victor Pantano, Founder and former CEO of Digitalcore. We hear about the highs & lows of a deep tech start up on a journey from startup & market engagement, team building, growth & financing to exit.
https://t.co/WEBjbUaKIW
@gemaker We really enjoyed our discussion with Julian.
Follow us on your platform of choice for future episodes and accessing some of our earlier discussions.
@NorthTalkPod@davidking34 @RossPayneAU @Sonja_Hood @NMFCOfficial Our thanks to @RossPayneAU @siobhan_roe and the team for their work throughout 2022 and supporting the @NMFCOfficial faithful through our weekly therapy sessions!
With the season done, I invite you to hear more @RossPayneAU work at @techtransferta2
https://t.co/k1cD0zOJf4
In the latest @techtransferta2 podcast “After the licensing deal… building the Health SenseTM operating business”, we explore the journey after the deal is done with Ed Fish from @baystatemilling#techtransfer
https://t.co/8DumpmLbvr